The Capital Markets Authority (CMA) of Kenya has approved new collective investment schemes and sub-funds, expanding investment options for local investors.

• Sh500 billion now represents the total assets under management in collective investment schemes.
• Wyckliffe Shamiah, Chief Executive Officer of the CMA, highlighted the increase in investor confidence.
• The newly approved funds include the Sanlam Special GBP Fixed Income Fund and the ALA Capital Collective Investment Scheme, which features various funds such as the ALA Balanced Fund and ALA Money Market Fund (USD).